According to Odaily Planet Daily, Phil Camporeale, portfolio manager of global allocation strategy at JPMorgan Asset Management, said that the employment report released on Friday may determine whether the Federal Reserve will cut interest rates by 25 or 50 basis points at its September policy meeting.

Campolet expects August employment to be stronger than July, which could set the stage for the Fed to gradually cut interest rates by 25 basis points starting in September. A bigger rate cut would mean heightened concerns about the labor market and the economy, he said.